Thread: Usd/Cad
After being rejected by LWMA100 yesterday, this pair opened today under the pivot (1.0135). Chances are this pair will go down towards the 1.0085 level or lower. But if the price managed to rise above the pivot, this pair may be up to the 1.0152 level.
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The trading range for today is among the key support level at 0.9935 and key resistance at 1.0295
It is expected that short term trend is a negative side in the daily close below 1.0520 and target 0.9870 level
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USD / CAD pair continues to trade sideways as soon as she approached the border of the resistance, the lower boundary of the Ichimoku cloud, much the price has already gone on a retreat to the south, the goal of 0120.
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USD / CAD pair failed to break through the level of 0129, and rebounding from it now goes to the sloping line of resistance, the pair also formed a triangle, I expect a rebound from the top of the triangle.
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The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 0.9935 and key resistance at 1.0295. Based upon my chart analysis, I prefer to buying the pair above 1.0125 with targets 1.0180 then 1.0200 and stoploss with the breach of 1.0095.
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The trading range for today is among the key support at 0.9935 and key resistance at 1.0365
It is expected Onalatjah short Alomayoro the negative side in the daily close below 1.0520 and target 0.9870 level
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The short term trend of the pair is to the downside. Intraweek trading range of the pair is expected among key support at 0.9935 and key resistance at 1.0365. Based upon my chart analysis, I prefer to buying the pair above 1.0125 with target 1.0200, 1.0265 then 1.0310 and stoploss with four hour candle closing below 1.0100.
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If we analyze the daily chart cad we can see that the pair went to the lower boundary of the Ichimoku cloud - the level of 0125, and she did not have the strength to overcome this level, I think that would be north of motion.
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i think that we have a good chance for buying USDCAD as we have a moving up trend on the daily chart so i predict that this pair will move up ward on the short term .
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If you look at the short-term chart, you may notice that the pair are now falling, and also keeps the resistance level of 1.5155, so that the intra-day rebound forward and fall down to 25-30 p ...
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